Schwab Charles (NYSE: SCHW) exec sells 28,000 shares after option exercise
Rhea-AI Filing Summary
Dennis Howard, MD and Chief Technology, Operations & Data Officer of Schwab Charles Corp, exercised nonqualified stock options for 28,000 shares of common stock at an exercise price of $64.10 per share on July 28, 2026. He received 28,000 shares of common stock and on the same date sold 28,000 shares at a weighted average price of $105.0094 per share in multiple trades between $105.00 and $105.025, pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025.
Following the option exercise, 56,000 option shares remained outstanding from this grant, which was issued under the company’s 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 28,000 shares ($1.15M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Howard Dennis
Role
MD, Chief Tech, OPS & Data Off
Sold
28,000 shs ($2.94M)
Approx. gross sale proceeds
$2.94M
Approx. exercise cost
$1.79M
Approx. pre-tax spread
$1.15M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) F3 | 28,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 28,000 | $64.10 | $1.79M |
| Sale | Common Stock F1, F2 | 28,000 | $105.0094 | $2.94M |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 56,000 shares (Direct);
Common Stock — 10,470 shares (Direct)
Footnotes (3)
- F1. This transaction was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
- F2. This transaction was executed in multiple trades at prices ranging from $105.00 to $105.025. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.
Key Figures
Options exercised: 28,000 shares
Exercise price: $64.10 per share
Shares sold: 28,000 shares
+4 more
7 metrics
Options exercised
28,000 shares
Nonqualified stock options converted into common stock on 2026-07-28
Exercise price
$64.10 per share
Exercise price of the nonqualified stock option
Shares sold
28,000 shares
Common stock sold on 2026-07-28 following the option exercise
Weighted average sale price
$105.0094 per share
Weighted average price; trades ranged from $105.00 to $105.025
Remaining option shares
56,000 shares
Option shares remaining after the reported exercise
Rule 10b5-1 plan adoption date
November 25, 2025
Trading plan governing the reported share sale
Option expiration date
2031-03-01
Expiration of the nonqualified stock option grant
Key Terms
Nonqualified Stock Option, Rule 10b5-1 trading plan, weighted average sale price, 2013 Stock Incentive Plan
4 terms
Nonqualified Stock Option financial
"Security title listed as "Nonqualified Stock Option (right to buy)""
Rule 10b5-1 trading plan regulatory
"This transaction was affected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported reflects the weighted average sale price"
2013 Stock Incentive Plan financial
"The option was granted under the company's 2013 Stock Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SCHW executive Dennis Howard report?
Dennis Howard exercised options for 28,000 shares of Schwab Charles Corp common stock at $64.10 per share, then sold 28,000 shares the same day at a weighted average price of $105.0094 in open-market transactions.
What options did SCHW executive Dennis Howard exercise in this transaction?
He exercised 28,000 nonqualified stock options for Schwab Charles Corp common stock at an exercise price of $64.10 per share, from a grant under the 2013 Stock Incentive Plan that vested in four equal annual installments.
Did the SCHW insider sale occur under a Rule 10b5-1 trading plan?
Yes. The sale of 28,000 shares by Dennis Howard was effected pursuant to a Rule 10b5-1 trading plan adopted on November 25, 2025, indicating the trades were pre-arranged rather than discretionary on the trade date.
How many Schwab Charles Corp options does Dennis Howard retain after this exercise?
After exercising options for 28,000 shares, Dennis Howard had 56,000 option shares remaining from this particular nonqualified stock option grant, which is scheduled to expire on March 1, 2031.
What role does Dennis Howard hold at SCHW and what type of security was involved?
Dennis Howard serves as MD, Chief Technology, Operations & Data Officer of Schwab Charles Corp. The transaction involved a Nonqualified Stock Option to purchase common stock, which was exercised and followed by a sale of common shares.